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dc.contributor.author | Van der Colff, Francois![]() |
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dc.contributor.author | Vermaak, Frans N.S.![]() |
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dc.date.accessioned | 2015-08-14T08:35:25Z | |
dc.date.available | 2015-08-14T08:35:25Z | |
dc.date.issued | 2015-04 | |
dc.description.abstract | This study attempts to clarify whether using a hybrid model based on non-financial variables and financial variables is able to provide a more accurate company financial distress prediction model than using a model based on financial variables only. The relationship between the model test results and the De la Rey K-Score for the subject companies is tested, employing Cramer’s V statistical test. A movement towards a Cramer’s V value of one indicates a strengthening relationship, and a movement towards zero is an indication of a weakening relationship. Against this background, further empirical research is proposed to prove that a model combining financial variables with true non-financial variables provides a more accurate company distress prediction than a financial variable-only model. The limited evidence of a strengthening relationship found is insufficient to establish the superiority of the proposed model beyond reasonable doubt. | en_ZA |
dc.description.librarian | am2015 | en_ZA |
dc.description.uri | http://reference.sabinet.co.za/sa_epublication/jefs | en_ZA |
dc.identifier.citation | Van der Colff, F & Vermaak, F 2015, 'Predicting financial distress using financial and non-financial variables', Journal of Economic and Financial Sciences, vol. 8, no. 1, pp. 243-260. | en_ZA |
dc.identifier.issn | 1995-7076 | |
dc.identifier.uri | http://hdl.handle.net/2263/49320 | |
dc.language.iso | en | en_ZA |
dc.publisher | University of Johannesburg, Faculty of Economic and Financial Sciences | en_ZA |
dc.rights | University of Johannesburg, Faculty of Economic and Financial Sciences | en_ZA |
dc.subject | Financial distress prediction | en_ZA |
dc.subject | Non-financial variables | en_ZA |
dc.subject | Financial distress continuum | en_ZA |
dc.subject | Neural networks | en_ZA |
dc.title | Predicting financial distress using financial and non-financial variables | en_ZA |
dc.type | Article | en_ZA |